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Reading: US government’s proposal to boost EV sales is challenging but not impossible
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Baner Club > Blog > Business > US government’s proposal to boost EV sales is challenging but not impossible
BusinessInnovationMarketingTechnology

US government’s proposal to boost EV sales is challenging but not impossible

Last updated: 2024/01/05 at 3:01 PM
Published January 5, 2024
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The US government intends to modify vehicle pollution regulations in a way that would force automakers to market a greater number of electric vehicles. By 2032, around two-thirds of all new cars sold in the United States will need to be electric. According to Matthias Heck, an industry analyst at Moody’s, electric vehicles would have achieved that kind of market share sometime beyond 2035 if not for these regulations. He claimed that although the EPA’s aims are achievable, they will not be simple, and significant financial outlays will be required. Heck noted that the plan is still only that—a proposal—and that it may change before it is approved. Things will shift significantly over the next ten years, including the infrastructure for charging.

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